Patterson-UTI Energy (NASDAQ:PTEN) Is Paying Out A Dividend Of $0.08 [Yahoo! Finance]
Patterson-UTI Energy, Inc. (PTEN)
Last patterson-uti energy, inc. earnings: 4/23 06:01 am
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US:NASDAQ Investor Relations:
patenergy.com
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Source: Yahoo! Finance
Based on this payment, the dividend yield on the company's stock will be 3.9%, which is an attractive boost to shareholder returns. Check out our latest analysis for Patterson-UTI Energy If the payments aren't sustainable, a high yield for a few years won't matter that much. While Patterson-UTI Energy is not profitable, it is paying out less than 75% of its free cash flow, which means that there is plenty left over for reinvestment into the business. This gives us some comfort about the level of the dividend payments. Looking forward, earnings per share is forecast to rise exponentially over the next year. Assuming the dividend continues along recent trends, we think the payout ratio will be 2.2%, which makes us pretty comfortable with the sustainability of the dividend. The company's dividend history has been marked by instability, with at least one cut in the last 10 years. Since 2014, the dividend has gone from $0.40 total annually to $0.32. Doing the maths, this is a decli
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PTEN
News
- Patterson-UTI Energy, Inc. (NASDAQ: PTEN) was upgraded by analysts at The Goldman Sachs Group, Inc. from a "neutral" rating to a "buy" rating. They now have a $10.00 price target on the stock, down previously from $11.00.MarketBeat
- Patterson-UTI Reports Drilling Activity for November 2024Accesswire
- Patterson-UTI (PTEN) Up 4.9% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Reports Drilling Activity for October 2024 [Yahoo! Finance]Yahoo! Finance
- Patterson-UTI Reports Drilling Activity for October 2024Accesswire
PTEN
Earnings
- 10/23/24 - Miss
PTEN
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 144
- 11/8/24 - Form SC
- PTEN's page on the SEC website